Everyone who watches American politics, and who hasn’t been living under a flat rock for the last few decades, is aware of that mysterious process by which elected officials in the House of Representatives and the Senate grow monstrously rich on their modest salaries.
It is (and let’s say this quietly) called “graft.”
A lot of this comes from members of Congress being made aware of information that could affect various publicly traded corporations, information that is not available to the general public. They then act on that information and score.
This is called “insider trading,” and it’s against the law, unless you’re a member of Congress. But Senator Josh Hawley (R-MO) is aiming to fix that, and to that end he has reintroduced the delightfully-named Pelosi Act.
Hawley’s ban would prohibit lawmakers and their spouses from holding, purchasing or selling…
